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Key Facts
ISIN IE00BQ1YBL06
NAV: 47.92 EUR
NAV DATE: 12-Apr-2024
YTD PERF: 11.8%
YTD PERF. DATE: 31-Mar-2024
Total Net Assets (all classes, m) 6,527.0 EUR
Number of holdings 35
Weight of top 10 stocks 47.6%
Share Class Currency EUR
SFDR Article 8
Key Documents View all documents
Monthly Report
EN
Monthly Report - 31-Mar-2024
Quarterly Report
EN
Quarterly Report - 31-Mar-2024
Prospectus
EN
Prospectus - 15-Dec-2023
Key Investor Information Document
EN
Key Investor Information Document - 16-Feb-2024
RISKS AND REWARDS
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This indicator represents the risk and reward profile presented in the Key Investor Information Document (KIID). See additional risk information in KIID. It is not guaranteed and may change during the month. The fund is aimed at investors with a long-term investment horizon.
Investment Policy
A Sub-Fund of Comgest Growth plc.
The objective of the Sub-Fund ("the Fund") is to increase the value of the Fund (capital appreciation) over the long term. The Fund intends to achieve this objective through investment in a portfolio of high-quality, long-term growth companies. The Fund will invest at least two-thirds of its assets in securities issued by companies that have their headquarters in, or principally carry out their activities in Europe or which are guaranteed by European governments.
The Fund is actively managed. The index is provided for comparative purposes only.
The Fund is aimed at investors with a long-term investment horizon (typically 5 years or more).
Main Risks
This fund has the following core inherent risks (non-exhaustive list):
• Investing involves risk including possible loss of principal,
• The value of all investments and the income derived therefrom can decrease as well as increase,
• There is no assurance that the investment objective of the fund will be achieved,
• When a Share Class is denominated in a currency that is different from yours, changes in exchange rates can negatively impact both the value of your investment and the level of income received.
A more detailed description of the risk factors that apply to the fund is set out in the Prospectus.
PERFORMANCE & HOLDINGS As of 31-Mar-2024
CUMULATIVE PAST PERFORMANCE
Cumulative returns shown are monthly returns calculated on the last business day of each month.
Index: MSCI Europe - Net Return. The index is used for comparative purposes only and the fund does not seek to replicate the index.
Please note that performance is rebased to 100.
For additional information on the index and the fund’s inception date, please refer to the monthly report below.
Calendar Past Performance
This chart shows the fund’s performance as the percentage loss or gain per year over the last 9 years compared to the index.
Past performance is not a reliable indicator of future performance. Markets could develop very differently in the future. It can help you to assess how the fund has been managed in the past and compare it to the index. For the avoidance of doubt, the fund is actively managed. The index performance is provided for comparative and information purposes only.
Performance is shown after the deduction of ongoing charges. Any applicable entry and exit charges are excluded from the calculation. This share class came into existence in 2014. Past performance has been calculated in EUR. As this is a new share class, there is not enough historical data to provide investors with any useful indication of past performance.
Rolling Net (%)
| Annualised | |||||||
|---|---|---|---|---|---|---|---|
| QTD | YTD | 1Y | 3Y | 5Y | 10Y | Inception | |
| Fund | 11.8 | 11.8 | 21.6 | 12.6 | 14.1 | - | 12.1 |
| Index | 7.6 | 7.6 | 14.7 | 9.2 | 8.8 | - | 7.5 |
Rolling Volatility (%)
| Annualised | ||||
|---|---|---|---|---|
| 1Y | 3Y | 5Y | 10Y | |
| Fund | 14.0 | 16.7 | 18.0 | - |
| Index | 10.9 | 13.5 | 17.9 | - |
Calendar Year Past Performance (%)
| 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | - | 16.9 | -2.2 | 13.4 | -4.5 | 34.6 | 11.3 | 35.4 | -20.2 | 23.8 |
| Index | - | 8.2 | 2.6 | 10.2 | -10.6 | 26.0 | -3.3 | 25.1 | -9.5 | 15.8 |
Annual Performance (%) As At Quarter End
| Q1 2019 -Q1 2020 |
Q1 2020 -Q1 2021 |
Q1 2021 -Q1 2022 |
Q1 2022 -Q1 2023 |
Q1 2023 -Q1 2024 |
|
|---|---|---|---|---|---|
| Fund | 2.6 | 32.0 | 13.2 | 3.7 | 21.7 |
| Index | -13.5 | 35.3 | 9.3 | 3.8 | 14.8 |
Index: MSCI Europe - Net Return. The index is used for comparative purposes only and the fund does not seek to replicate the index.
For additional information on the index and the fund’s inception date, please refer to the monthly report below.
Past performance is not a reliable guide to future performance.
Performance figures are calculated net of investment management fees, administrative fees and all other fees with the exception of sales charges. If taken into account, sales charges would have a negative impact on performance.
Performance figures for distributing (DIS) classes are based on the assumption that dividends are reinvested on date of payment.
TOP 5 HOLDINGS
| Company Name | Weight (%) |
|---|---|
| ASML Holding | 8.2 |
| Novo Nordisk B | 7.9 |
| EssilorLuxottica | 4.9 |
| LVMH Moet Hennessy Louis Vuitton | 4.4 |
| Accenture A | 4.3 |
The above equity exposures are provided for information only, are subject to change and are not a recommendation to buy or sell the Securities.
Past performance is not a reliable guide to future performance.
Breakdowns based on GICS sector and MSCI country classifications.
Past performance is not a reliable guide to future performance.
1Y
5Y
| Apr-2023 | May-2023 | Jun-2023 | Jul-2023 | Aug-2023 | Sep-2023 | Oct-2023 | Dec-2023 | Jan-2024 | Feb-2024 | Mar-2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Favourable performance scenario | 47.8 % | 47.8 % | 47.8 % | 47.8 % | 47.8 % | 47.8 % | 47.8 % | 47.8 % | 47.8 % | 47.8 % | 47.8 % |
| Moderate performance scenario | 9.3 % | 9.3 % | 9.3 % | 9.3 % | 9.4 % | 9.4 % | 9.9 % | 10.2 % | 10.6 % | 10.6 % | 10.6 % |
| Unfavourable performane scenario | -20.2 % | -20.2 % | -20.2 % | -20.2 % | -20.2 % | -20.2 % | -20.2 % | -20.2 % | -20.2 % | -20.2 % | -20.2 % |
| Stressed performance scenario | -68.1 % | -68.1 % | -68.0 % | -68.1 % | -68.1 % | -68.0 % | -68.0 % | -68.1 % | -68.1 % | -68.0 % | -68.0 % |
| Apr-2023 | May-2023 | Jun-2023 | Jul-2023 | Aug-2023 | Sep-2023 | Oct-2023 | Dec-2023 | Jan-2024 | Feb-2024 | Mar-2024 | |||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Favourable performance scenario | 17.0 % | 17.0 % | 17.0 % | 17.0 % | 17.0 % | 17.0 % | 17.0 % | 17.0 % | 17.0 % | 17.0 % | 17.0 % | ||||||||||||||||||||||
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| Moderate performance scenario | 10.0 % | 10.1 % | 10.1 % | 10.1 % | 10.1 % | 10.0 % | 10.0 % | 10.1 % | 10.2 % | 10.2 % | 10.5 % | ||||||||||||||||||||||
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| Unfavourable performane scenario | -1.6 % | -1.3 % | -0.7 % | -0.7 % | -1.3 % | -2.5 % | -2.9 % | -0.2 % | 0.4 % | 1.5 % | 2.0 % | ||||||||||||||||||||||
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| Stressed performance scenario | -21.5 % | -21.5 % | -21.5 % | -21.5 % | -21.5 % | -21.5 % | -21.5 % | -21.5 % | -21.5 % | -21.5 % | -21.5 % |
What you will get from this product depends on future market performance. Market developments in the future are uncertain and cannot be accurately predicted.
The unfavourable, moderate, and favourable scenarios shown are illustrations using the worst, average, and best performance of the product and/or, in case of insufficient track record, a comparable share class or benchmark, over the last 10 years. The scenarios shown are illustrations based on results from the past and on certain assumptions.
The scenarios presented are an estimate of future performance based on evidence from the past on how the value of this investment varies, and are not an exact indicator. What you will get will vary depending on how the market performs and how long you keep the product. The figures do not take into account your personal tax situation, which may also affect how much you get back.
The figures shown include all the costs of the product itself, but may not include all the costs that you pay to your advisor or distributor. The figures do not take into account your personal tax situation, which may also affect how much you get back.
The stress scenario shows what you might get back in extreme market circumstances.
INVESTMENT TEAM
VIEW FULL TEAM
Franz Weis joined Comgest in 2005 and is an Analyst and Portfolio Manager specialising in European equities. In addition to being the Group’s Chief Investment Officer (CIO), he is Managing Director of Comgest Global Investors as well as a member of the Group’s Board of Partners and Executive Committee.
Franz leads the firm's European research efforts and co-leads the management of the majority of Comgest’s European equity strategies. In his role as CIO, Franz oversees the firm’s investment teams and chairs the Investment Committee, which is responsible for applying Comgest’s philosophy on successful long-term investing. He started his career in 1990 at Baillie Gifford & Co. where he worked as a Portfolio Manager before joining F&C Asset Management as a Senior Portfolio Manager and Director of European Equities in 1996.
Franz graduated from Heriot-Watt University (Scotland) with a Master’s degree in International Banking and Financial Studies and received the International Bankers in Scotland Prize in 1990.
Alistair Wittet joined Comgest in 2012 and is an Analyst and Portfolio Manager specialising in European equities. He is also a member of the Comgest Group's Investment Committee.
Alistair co-leads Comgest’s Pan Europe and Europe ex UK strategies. He started his career in 2006 as an Analyst at Standard Life Investments in Edinburgh. He went on to join Citigroup’s London office in 2009, specialising in the panâEuropean food retail sector as an Equity Analyst.
A British and French national, Alistair is a Geography graduate from Durham University and a CFA® charterholder.
Pierre Lamelin joined Comgest in 2012 and is an Analyst and Portfolio Manager specialising in European equities. He is also a member of the Comgest Group’s Sustainability Committee.
He co-leads the management of several Pan European strategies and contributes widely to the European team’s research coverage for a diverse selection of quality growth stocks across multiple sectors. Pierre started his career in 2004 as an Equity Analyst at Crédit Agricole Cheuvreux where he spent seven years covering the European luxury goods and cosmetics sectors.
He holds a Master’s degree in Finance from Sciences Po (Institut d’Etudes Politiques) in Paris and is a CIIA holder (Certified International Investment Analyst).
Investment Team listed above may include advisors from affiliates within the Comgest group.
Details
| Investment Manager | Comgest Asset Management International Limited |
|---|---|
| Sub Investment Manager | Comgest S.A. |
| Management company | None / Comgest Growth plc is self-managed |
| Fund Name | COMGEST GROWTH EUROPE |
| Share Class | COMGEST GROWTH EUROPE EUR I DIS |
| ISIN Code | IE00BQ1YBL06 |
| Bloomberg Code | COMUSID ID |
| Sedol Code | Null |
| Share Class Currency | EUR |
| Fund Base Currency | EUR |
| Share Class Distribution Policy | Distribution |
|---|---|
| Hedged | No |
| UCITS | Yes |
| Share Class Inception Date | 16-Dec-2014 |
| Fund Domicile | IRELAND |
| Investment Management Fee | 1.00% |
| Ongoing charges | 1.06% |
| Maximum entry fee | 0.00% |
